DXO.TO vs. ZQB.TO
DXO.TO (Dynamic Active Crossover Bond ETF) and ZQB.TO (BMO High Quality Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past 5 years, DXO.TO returned 2.78%/yr vs 2.53%/yr for ZQB.TO. At a 0.29 correlation, their price movements are largely independent.
Performance
DXO.TO vs. ZQB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DXO.TO achieves a 1.86% return, which is significantly higher than ZQB.TO's 1.35% return.
DXO.TO
- 1D
- 0.21%
- 1M
- 0.21%
- 6M
- 1.45%
- YTD
- 1.86%
- 1Y
- 5.69%
- 3Y*
- 7.29%
- 5Y*
- 2.78%
- 10Y*
- —
ZQB.TO
- 1D
- 0.10%
- 1M
- -0.22%
- 6M
- 0.97%
- YTD
- 1.35%
- 1Y
- 4.19%
- 3Y*
- 5.91%
- 5Y*
- 2.53%
- 10Y*
- —
DXO.TO vs. ZQB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 1.86% | 6.82% | 6.51% | 11.28% | -12.16% | 5.03% | 7.93% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 1.35% | 4.80% | 6.78% | 6.49% | -5.39% | -2.02% | 5.33% |
Correlation
The correlation between DXO.TO and ZQB.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.29 |
The correlation between DXO.TO and ZQB.TO shifts across timeframes, from 0.29 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DXO.TO vs. ZQB.TO — Risk / Return Rank
DXO.TO
ZQB.TO
DXO.TO vs. ZQB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Active Crossover Bond ETF (DXO.TO) and BMO High Quality Corporate Bond Index ETF (ZQB.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DXO.TO | ZQB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.35 | +0.02 |
| Martin ratioReturn relative to average drawdown | 10.24 | 8.27 | +1.98 |
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Drawdowns
DXO.TO vs. ZQB.TO - Drawdown Comparison
The maximum DXO.TO drawdown since its inception was -17.61%, which is greater than ZQB.TO's maximum drawdown of -10.18%. Use the drawdown chart below to compare losses from any high point for DXO.TO and ZQB.TO.
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Drawdown Indicators
| DXO.TO | ZQB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.61% | -10.18% | -7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.79% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.78% | -1.79% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -9.64% | -6.27% |
Current DrawdownCurrent decline from peak | -0.51% | -0.45% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -2.33% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.51% | +0.05% |
Volatility
DXO.TO vs. ZQB.TO - Volatility Comparison
Dynamic Active Crossover Bond ETF (DXO.TO) has a higher volatility of 0.97% compared to BMO High Quality Corporate Bond Index ETF (ZQB.TO) at 0.69%. This indicates that DXO.TO's price experiences larger fluctuations and is considered to be riskier than ZQB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXO.TO | ZQB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.69% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 1.80% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 2.24% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 3.50% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 4.17% | +3.57% |
Dividends
DXO.TO vs. ZQB.TO - Dividend Comparison
DXO.TO's dividend yield for the trailing twelve months is around 5.31%, more than ZQB.TO's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXO.TO Dynamic Active Crossover Bond ETF | 5.31% | 5.55% | 5.61% | 5.65% | 5.29% | 4.15% | 4.20% | 3.96% | 4.31% | 2.15% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 3.93% | 3.67% | 3.39% | 3.00% | 2.80% | 2.58% | 2.46% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXO.TO and ZQB.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Dynamic and BMO.
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